The State Bank of India today said it was more comfortable on
the issue of non-performing assets (NPAs) in the past month
compared with the situation a couple of months earlier. It
has said so despite having recently declared the ~1,500 crore
of loans it had extended to Kingfisher Airlines as NPAs. Some
of these borrowings are to reflect in the December balance
sheet. The banks says having firmer control over NPA levels
in a somewhat deteriorating repayment environment was partly
possible due to special measures it took, such as sending
teams from village to village, persuading the borrowers to
pay. 'This was not a formal procedure and not used at
this scale earlier. This time, we have taken a number of such
steps to try control and monitor NPAs. We have
institutionalised the recovery process, which brought some
focus into the NPA issue,' A Krishna Kumar, managing
director, said here today. The bank has also deputed deputy
general managers at important locations within each of its
circles to monitor repayments, apart from starting account
tracking centres across the country. 'This process has
helped us bring down NPAs,' he said on the sidelines of
the inauguration of an exclusive bank branch for women
customers, the 'Vasundhara Jubilee Senorita Banking
Center', its second such in the country. He refrained
from giving exact numbers. CDR facility With the slowing
economy, the bank has started receiving a large number of
requests from across the country, compared with last year,
for the corporate debt restructuring (CDR) facility from
small, medium and even large companies, Kumar said in
response to a question on the issue. Most such requests are
coming from the sectors of agri business, automobiles and
textiles.
Kumar said the bank would consider these requests as far as
possible. The process involved the views of a consortia of
banks and borrowers, and was a mechanism monitored by IDBI.
'We have done quite a few exercises in the past few
months in this regard and have requested the cooperation of
all the banks of the consortium,' he said.
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